For many years, the Gold Anti-Trust Action Committee (GATA) has been gathering official government documents that indicate the US gold reserves are insufficient and cannot cover the paper obligations assigned to them. Through leasing and swap agreements with other nations, the details of which are hidden from the public, the nation’s gold could be in jeopardy and at the very least, over-reported. Some people have even openly speculated that the Fort Knox facility contains mostly empty space.
There is now a movement to have the gold reserves audited. As the description in the petition notes, the reserves have not been audited since 1953! Prior to that, there were semi-regular audits. In the last 60 years, there has been too much turmoil to simply assume normality in this matter. A prudent and measured action is necessary.
It’s amazingly easy to create a White House account and sign the petition – all you need is a valid email address and zip code. If the petition gets at least 25,000 signatures, the White House must take action to take the issue to the next step for further study. Read and sign the petition today.
